A tensioner for tensioning a flexible drive means, such as a timing belt or chain, includes a pulley to contact the belt. The pulley is mounted on a tensioner arm and the tensioner arm can be rotated about a pivot shaft mounted to the tensioner by a spring. The axis about which the pulley rotates is spaced from the axis of the rotation of the tensioner arm with respect to the pivot shaft and the spacing of these axes of rotation results in the pulley moving through an eccentric towards or away from the belt when the tensioner arm is rotated. A stop is used to limit the range of movement of the tensioner arm between a desired range of movement defined by a free arm stop and a backstop. The position of the stop is adjustable by an installer. The angular range of movement of the tensioner arm is adjustable from a position suitable for installation of the tensioner to a position suitable for operation of the installed tensioner. In one embodiment, the movement of the stop from the installation position to the nominal operating position also compensates the spring.